The government has approved a bill that outlines future tax measures.
These include increasing the corporate tax rate from 21% to 22% for tax payers with taxable income exceeding 5 million euros. The standard VAT rate may also increase from 20% to 23%.
But the withholding tax rate on dividends paid to individuals may be reduced from 10% to 7%. The list of goods and services that are taxed at reduced rates may also be revised.